Eco eMarket: Nothing Ever Goes To Waste

Day by day our ecosystem is degrading. In order to stop this, a team of four young entrepreneurs have come up with innovative and eco-friendly startup called Eco eMarket. They have sound knowledge in technology, commodity, marketing and finance too. The startup is India’s first online portal for trading e-wastes like paper, plastic, textiles etc.

More about Eco eMarket

The startup has collaborated with NCDEX eMarket for running national digital exchange on a revenue sharing basis which is situated in Mumbai but will still continue operating from Bengaluru itself. The CEO of Eco eMarket, Meenakshi Chidambaram, believes that the company wants to link all the buyers of waste with multinationals, IT firms, corporates, and banks who are large users of e-products. Moreover as the company grows they will start with e-waste and other types of waste.

How does it function?

Eco eMarket is a B2B (Business to Business) portal. According to reports, our country produces around 18 lakh metric tonnes of e-waste every year but only 5% is bought by 153 approved recyclers and dismantlers. The rest of the waste is collected by unorganised sector which mines any value it can get and dumps the rest into landfill. Moreover,these wasters aregrowing by 30% every year.

SR Pejavar, Co- founder, thinks that their work can be helpful in creating new jobs in waste collection as municipalities can establish e-waste collection centres and can ask apartment and housing societies to dispose their dump there and they can generate some revenue by selling it on the platform.

Do you think this concept will help restoring our ecosystem balance? Do share your thoughts in our comment section below.

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The Author

Abhirami Pillai

A 20 year old passionate geek, never misses a chance to read on internet culture, consumer-facing technology & social media.
Abbie loves to write about early-stage startups, disruptive technology and new Apps in the market, besides that she is a diehard cinephile and logophile.